Banking Bad: GameStop, How Reddit Users Brought Wall Street to its Knees

💸Welcome to Banking Bad - a podcast series featuring six true-crime stories from the world of money. Keith Gill, aka RoaringKitty and DeepFuckingValue, is a financial analyst and online trader who challenged Wall Street with GameStop, a retailer on the verge of bankruptcy. He shared his trades on Reddit, attracting a crowd of followers who bought GameStop shares, driving up the price and hurting hedge funds that had shorted the stock. In today’s episode, financial journalist Iona Bain and I look at how the GameStop saga stands as a testament to the potential impact of individual investors challenging established norms, and the key things investors can learn from this rollercoaster of a story. RESOURCESFull article: https://www.vestpod.com/news/the-wallet-podcast/gamestop-saga Listen: https://pod.link/1520695849/episode/d2e2adc2602913a7c584904eccc0351c Iona Bain: https://twitter.com/ionayoungmoney SPONSORThank you to our partner PensionBee: combine, contribute and withdraw online. Take control of your pension, so that you can enjoy a happy retirement and join 223,000 customers saving with PensionBee. https://www.pensionbee.com/vestpod  When investing, your capital is at risk. Investments can go down as well as up, and you may get back less than you invest. Hosted on Acast. See acast.com/privacy for more information.

Om Podcasten

Understanding money is the key to financial wealth, and that's precisely where we come in.In this Lovie Award-winning podcast, we every financial topic under the sun, from picking stocks and paying off debt to financial bubbles and alternative investments. It’s all jargon and judgement free, and you’ll come away from every episode with tools to multiply your money and make it work for you.Every other week we answer your questions, so if you want to ask us anything drop us a DM on any of our platforms!Hosted by former private equity analyst, author of You’re Not Broke, You’re Pre-Rich, and Vestpod founder, Emilie Bellet.To bring your brand to life in this podcast, email podcast(at)vestpod.com Hosted on Acast. See acast.com/privacy for more information.